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Exercise 1017 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,0ee shares of $1 par value coninon stock for $40,000. January 9 Provide services to customers on account, $14,080. January 10 Purchase additional supplies on account, $5,000. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cosh on accounts payable, $16,680. January 21 Provide services to customers for cash, $49,200. January 22 Receive cash on accounts receivable, $16,700. January 29 Declare a cash dividend of 50,40 per share to atl shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 11,00e shares outstanding on January 1,2821 , and dividends are not paid on treasury stock.) January 30 Resell 8ee shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42, 100. Exercise 1017 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2,0ee shares of $1 par value coninon stock for $40,000. January 9 Provide services to customers on account, $14,080. January 10 Purchase additional supplies on account, $5,000. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cosh on accounts payable, $16,680. January 21 Provide services to customers for cash, $49,200. January 22 Receive cash on accounts receivable, $16,700. January 29 Declare a cash dividend of 50,40 per share to atl shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 11,00e shares outstanding on January 1,2821 , and dividends are not paid on treasury stock.) January 30 Resell 8ee shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42, 100

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